TO WITHDRAW THE PROJECT OF LATE IMPLEMENTATION AND UNCULTIVATED LAND
The Prime Minister issues the Directive No. 11/CT-TTg on certain solutions for fostering stable and sound development of real estate market on April 23, 2019.
Accordingly, the Prime Minister requires the People’s Committees of the provincial and central-affiliated cities to conduct review of and make addition to the planning scheme for urban areas and industrial parks, land using plan/planning scheme, ensure that there is sufficient land fund for social housing development. When approving planning schemes for new urban areas, new industrial parks and training institution network, it is required to have regulations on planning for social housing, housing for workers and students.
Particularly, to be specific: In case of failure to implement these projects or late implementation or uncultivated land, appropriate the land as per provisions of the land law; for mid-class or high-class housing projects in stock or investor's request for conversion of apartments to common housings or social housings, complete the procedure for approving the conversion by 3rd quarter of 2019; work out solutions for overcoming difficulties in social housing projects and average and low-price housings in provinces.
In the next time, agencies need to intensify inspection and strictly handle violations against regulations on real estate investment and trading; check, review and publish the list of housing projects put as bank mortgage by the investors, projects behind schedule due to legal difficulties, real estate projects including construction; non-guaranteed projects, projects…
